Tuesday, January 9, 2018 from 2:30 PM to 4:00 PM (EST)

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Are you an established Social Enterprise looking for an opportunity to grow?

If so, explore the

Mixed Capital Opportunities Fund (Mixed Cap)

YouthSpeak used Mixed Cap to expand their marketing activities to deliver more effective programs addressing issues impacting youth and increased the recruitment of volunteers.

How could your social enterprise use Mixed Cap?

The Mixed Cap facilitates the expansion of early stage, high growth non-profit social enterprises by providing a hybrid form of capital, comprised of a combined loan (50%) and grant (50%). Funds are for a business opportunity that requires staffing up, stocking up or purchasing capital equipment.

Features:

Enterprises can apply for between $10,000 and $30,000 in total investment (split equally between a loan and a grant).

In exceptional cases, up to $50,000 may be approved; security/collateral may be required in these instances.

The loan portion will be in the form of a Term Loan and/or Line of Credit (LOC must be secured) at competitive interest rates.

Attend a mandatory information session. The next session will take place on January 9th from 2:30pm - 4:00pm

Meet for at least one hour with Toronto Enterprise Fund staff.

Submit a business plan, in the form provided, for the business opportunity or need identified by January 30th, 2018.

A review committee will first approve the application and it will then proceed through Alterna’s standard loan approval process.

For more information on Mixed Cap, and to review the application and business plan forms, visit the TEF website.

This innovative collaboration between the Toronto Enterprise Fund (TEF) and Alterna Savings is making debt financing more accessible to social enterprises. Mixed Cap is funded by the Province of Ontario and United Way Toronto & York Region, with all loan financing coming from Alterna Savings.